Dagang NeXchange Bhd (XKLS:4456) Accounts Receivable : RM311.0 Mil (As of Mar. 2024)

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What is Dagang NeXchange Bhd Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Dagang NeXchange Bhd's accounts receivables for the quarter that ended in Mar. 2024 was RM311.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Dagang NeXchange Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 91.59.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Dagang NeXchange Bhd's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was RM-0.69.

Dagang NeXchange Bhd Accounts Receivable Historical Data

The historical data trend for Dagang NeXchange Bhd's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Dagang NeXchange Bhd Accounts Receivable Chart

Dagang NeXchange Bhd Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Accounts Receivable

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93.66

48.36

56.49

74.39

52.35

Dagang NeXchange Bhd Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															270.41	256.79	246.44	356.23	310.97

Dagang NeXchange Bhd Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Dagang NeXchange Bhd Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Dagang NeXchange Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	310.966	/	309.818	*	91
=	91.59

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Dagang NeXchange Bhd's accounts receivable are only considered to be worth 75% of book value:

Dagang NeXchange Bhd's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(342.197	+	0.75 * 310.966	+	0.5 * 119.314	-	2418.718
-	0	-	391.032)	/	3156.33
=	-0.69

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Dagang NeXchange Bhd Accounts Receivable Related Terms

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Dagang NeXchange Bhd (XKLS:4456) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Dagang NeXchange Bhd (XKLS:4456) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

Dagang Net Tower, Block 10 (A & B) Corporate Park, Star Central, Lingkaran, Cyberpoint Timur, Cyber 12, Cyberjaya, SGR, MYS, 63000

Website

http://www.dnex.com.my

Dagang NeXchange Bhd is a Malaysia based company. The business operates in various segments that include Corporate, which is an investment holding; Information Technology (IT), which supply, delivery, install, testing, commissioning and maintenance of IT hardware, development, management and provision of business to government (B2G) e-commerce and others; and Energy, which provides upstream oil and gas exploration, production sale of oil and gas-related equipment and services, provision of engineering, technical support and involvement in power plant, and energy-related business. The Information Technology segment generates maximum revenue for the company. It offers its services only to the Malaysia region.

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